HOLLAND TOWNSHIP, MI -- The bulk of Perrigo’s $242 million expansion plans will grow the company’s operation in Holland Township.

The pharmaceutical giant plans to spend $192 million to construct an addition and add new equipment at the company’s Holland Township facility, which it acquired in 2008 with the $44 million purchase of J.B. Labs.

The investment will create 400 new jobs that will pay an average weekly wage of $668. Overall, the company plans to increase its West Michigan workforce by 650 employees to expand tablet production.

The Michigan Economic Development Corporation approved a $3.7 million tax break on Wednesday, Jan. 23. That will be paired with a 50 percent property tax break over 12 years by Holland Township and the city of Allegan.

The MEDC also approved a 3-mill State Education Tax Abatement estimated to be worth about $2.5 million for the project.

Perrigo plans to spend $50 million on new infrastructure and equipment to its Allegan headquarters, at 515 Eastern Avenue Allegan, resulting in 250 new jobs there.

"Perrigo is one of the region's great corporate citizens," said Randy Thelen, President of Lakeshore Advantage. "We were pleased to work with the township and state to support the company's continued growth."

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